December 6, 2023

Markets Now

Harvard, Penn and MIT presidents under fire over ‘despicable’ testimony on antisemitism and genocide

The presidents of Harvard, MIT and the University of Pennsylvania faced intense scrutiny on Wednesday from business leaders, donors, a sitting governor and the White House following their testimony at a House hearing on antisemitism on campus and calls for genocide in Israel.  
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Is a recession on the horizon? More bank CEOs think so

Add Citigroup CEO Jane Fraser to the growing list of bank CEOs who are warning about tough times ahead.  
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Analysis: Don’t count on bitcoin, gold or the Fed

It’s been a heck of a week for alternative assets — and it’s only Wednesday.  
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Europe’s leading tour company could quit the London Stock Exchange

Tui, one of the world’s largest tour operators, is weighing whether to leave the London Stock Exchange in what would be another blow to the city’s standing as a global financial center.  
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Germany’s stock market just hit a new record high despite a faltering economy. What gives?

Germany’s benchmark stock index opened at an all-time high Wednesday as investors’ growing confidence that interest rates will soon be cut outweighs worries that the country may be suffering a recession.  
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Elon Musk seeking to raise $1 billion for his xAI firm

Elon Musk is seeking to raise $1 billion for his artificial intelligence company xAI.  
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Source: CNN Business

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